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Property profile & analytics
OFF-MARKET
Commercial real estate
8390 Us Hwy 231 Cloverdale, IN 46120
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US31-0297827
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1978
Construction
WOOD
Total area
5,280 SF
Lot
1.64 ac (71,438 SF)
Zoning code
ZO01
APN
67-12-25-200-009.001-017
UPID
US31-0297827
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wt Enterprises LLC · 5 yrs held
Wt Enterprises LLC
since 2021
7 recorded transactions
Zoning & alternative use
ZO01 · Cloverdale, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cloverdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cloverdale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,079
Tax year 2023
Assessed value
$224,900
Assessed 2023
Previous assessed
$224,900
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$170,700
Assessed improvement
$54,200
Land market value
$170,700
Improvement market value
$54,200
Total market value
$224,900
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
YES
Stories
1
Total area
5,280 SF
Lot
1.64 ac (71,438 SF)
Zoning code
ZO01
APN
67-12-25-200-009.001-017
UPID
US31-0297827
Jurisdiction
PUTNAM
Zoning & alternative use
ZO01 · Cloverdale, IN
Zoning ZO01 · permitted uses
ZO01 · Cloverdale, IN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cloverdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
WOOD
Heating
YES
Stories
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Wt Enterprises LLC
Entity
Mailing address
3283 E STATE RD 42ND #1, CLOVERDALE, IN 46120-8775
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2021
—
Wt Enterprises LLC
Pei Pipeline Services LLC
Warranty Deed
—
Dec 19, 2019
—
Pei Pipeline Services LLC
—
Deed
related
$300,000 · First Nat'l Bk
Oct 31, 2011
—
Pei Pipeline Services LLC
Mccormick,leslie W & Connie L
Warranty Deed
$150,000 · Bmo Harris Bank
Apr 28, 2011
—
Pei Pipeline Services LLC
First Natl Bk
Warranty Deed
related
—
Aug 20, 2010
—
Natl Bk First
Curran Carpet Services INC
Deed In Lieu Of Foreclosure
related
—
—
—
Pei Pipeline Services LLC
—
Deed Of Trust
related
$300,000 · First Nat'l Bk
—
—
Pei Pipeline Services LLC
—
Deed Of Trust
related
$142,545 · First Internet Bank INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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